New models for financing household connections to energy, water and sanitation are enabling more low-income households to access these essential services. Financial solutions are necessary for achieving access targets under the Sustainable Development Goals (SDGs).
Worldwide, 124 million children between the ages of 6 and 15 are not in school. While financial inclusion cannot solve the many complex reasons all children are not in school, better financial tools can help families manage educational expenses.
For many low-income families worldwide, education can be out of reach. Mobile money and digital financial services have the potential to help families by providing them with better tools that can help them save, plan and make education payments.
What if a teacher in rural Liberia could collect her salary instantly and remotely? USAID recently partnered with the Liberian Ministry of Education to roll out the first mobile salary payments, and the preliminary results are extremely promising.